April 26, 2018 / 5:28 AM / 3 months ago

Philips Lighting first-quarter core earnings miss expectations

AMSTERDAM (Reuters) - Philips Lighting, the world’s largest lighting maker, on Thursday reported lower-than-expected first quarter core earnings of 106 million euros ($129 million), on falling sales and margins.

A stack of Philips DVD recorders are displayed in a household items store in Utrecht December 10, 2013. Dutch firm Philips' turnaround has been propelled in large part by improvements at its consumer and lighting businesses. REUTERS/Michael Kooren

Analysts polled for Reuters had seen adjusted earnings before interest, taxes, and amortisation (EBITA) of 129 million euros, up from 127 million euros in the first quarter of 2017.

($1 = 0.8214 euros)

Reporting by Toby Sterling; Editing by Shri Navaratnam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below